Banking & Finance
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136Nigeria, Others Lose $1.6b Daily to Illicit Flows –AfDB
The African Development Bank has revealed that the continent loses about $1.6bn every day to illicit financial flows and profit shifting on...
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215Net Forex Inflow Fell to $14b in Q3 –CBN
The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per cent to...
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216Cash Scarcity: NLC Demands FG’s Immediate Intervention
Against the backdrop of persistent cash scarcity in Nigeria, the Nigeria Labour Congress (NLC) has demanded immediate government intervention to rectify the systemic...
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197Insurance Bill Will Grow Sector –NAICOM
The National Insurance Commission and some other stakeholders in the insurance industry have said that the passage of the new Insurance Consolidated...
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134Diaspora Remittances Rose by 61% –CBN
The Central Bank of Nigeria has revealed that diaspora remittances processed through International Money Transfer Operators reached $4.22bn between January and October...
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63
Senate Proposes Foreign Currency Ban for Local Transactions
The Senate, on Tuesday, passed for first reading a bill to ban the use of foreign currencies for payments and transactions within...
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53Banks Restrict Multiple Account Owners to ₦20,000 Withdrawal
There is no end in sight yet to the low cash supply by commercial banks as customers face increasing difficulty with cash...
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78W’Bank Plans $1.65b Loans for Nigeria Next Year
The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts...
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58Currency Outside Banks Now ₦4.29tr, 94.2% of Currency in Circulation
Currency outside banks in Nigeria surged to a record high of N4.29 trillion in October 2024, accounting for 94.2 per cent of...
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141
World Bank May Approve $500m Loan to Nigeria Today
The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday)...
